PennyMac Mortgage Investment Trust
PMT-PB
New York Stock Exchange22.56
USD
-0.18
- -
CIK
0001464423
ISIN
US70931T4004
CUSIP
70931T400
Return %
Stock
S&P500
1Y
-5.88
26.53
3Y
-0.22
76.60
5Y
-14.06
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David A. Spector
- Full Time Employees
- 7
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 3043 Townsgate Road Westlake Village CA United States of America 91361
- IPO Date
- Jun 29, 2017
- CIK
- 0001464423
- Similar Companies
- Business
- PennyMac Mortgage Investment Trust is a specialty finance company primarily engaged in investing in residential mortgage loans and mortgage-related assets in the United States. The company’s core products and services include mortgage servicing rights (MSRs), credit risk transfer (CRT) securities, residential mortgage loans including distressed and re-performing loans, and real estate investments primarily consisting of properties acquired through foreclosure or other means. It operates through key segments such as correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment focuses on acquiring, pooling, securitizing, or selling newly originated prime credit quality loans. The credit-sensitive strategies segment invests in CRT agreements, subordinate mortgage-backed securities, and distressed loans to generate income. Founded in 2009 and headquartered in Westlake Village, California, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust for federal tax purposes and targets investors seeking risk-adjusted returns through capital appreciation and dividend income. Recent major developments include significant growth in private label securitizations with over $1.4 billion in unpaid principal balance securitized in 2025, with retained investments yielding attractive returns. The company renewed its mortgage banking services agreement with PennyMac Financial Services, Inc. (PFSI) in mid-2025, under which correspondent loan production volumes are initially acquired by PFSI, while PennyMac Mortgage Investment Trust retains the right to purchase up to 100 percent of non-government correspondent loan production and plans to acquire all jumbo correspondent production. It also closed multiple agency-eligible and jumbo loan securitizations totaling $1.5 billion combined in the third quarter of 2025, reflecting an ongoing strategic emphasis on diversifying and organically growing credit-sensitive investments. PennyMac Mortgage Investment Trust maintains a strategic focus on leveraging technology-enabled processes to enhance operational efficiency and expand its portfolio of higher-yielding credit-sensitive non-agency mortgage-backed securities and CRT assets. The firm hedges against interest rate and credit performance risks while employing a mix of debt and equity financing to optimize returns and manage leverage. Leadership remains active in the mortgage market, with Chairman and CEO David Spector recently increasing insider ownership. The company continues to deliver strong dividends, maintaining payouts for over a decade, and demonstrates robust financial performance with earnings exceeding analyst expectations in 2025, positioning it as a major player in the U.S. mortgage finance sector.